Social Security cost-of-living increase will boost benefits 5.9% in 2022 as inflation spikes

Social Security cost-of-living increase will boost benefits 5.9% in 2022 as inflation spikes

This post was originally published on this siteSocial Security payments are set to rise 5.9% in 2022 for 68 million retirees, disabled people and others. That’s the most since 1982.     

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Consumer prices rose 0.4 percent in September, up 5.4 percent over last year

Consumer prices rose 0.4 percent in September, up 5.4 percent over last year

This post was originally published on this siteConsumer prices rose 0.4 percent in September and 5.4 percent in the year leading into last month, according to data released Wednesday by the Labor Department.The consumer price index (CPI), which tracks inflation, rose at a slightly faster rate…

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What’s behind the push for a fourth stimulus check

What’s behind the push for a fourth stimulus check

This post was originally published on this siteIRS has distributed almost 170 million payments. But hardship remains widespread as the Delta variant spreads.

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Pelosi enters pivotal stretch on Biden agenda

Pelosi enters pivotal stretch on Biden agenda

This post was originally published on this siteSpeaker Nancy Pelosi (D-Calif.) faces daunting days ahead as she races to unite feuding factions of her restive caucus and pass a massive social benefits package at the heart of President Biden’s agenda, along with a separate infrastructure bill,…

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Inflation Likely Stayed High in September

Inflation Likely Stayed High in September

This post was originally published on this siteEconomists estimate inflation rose 5.3% in September from a year earlier as pandemic-related shortages of labor and materials continued to push up prices.

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Social Security Payments Could Increase the Most in 40 Years

Social Security Payments Could Increase the Most in 40 Years

This post was originally published on this siteSeniors and other Americans receiving Social Security benefits in 2022 are likely to see a roughly 6% boost, reflecting surging inflation during the pandemic.

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The White House announces steps to try to ease backlogs at U.S. ports

The White House announces steps to try to ease backlogs at U.S. ports

This post was originally published on this site President Biden will speak to ongoing supply chain problems, as major retailers warn of shortages and price hikes during the upcoming holiday season. (Image credit: Frederic J. Brown/AFP via Getty Images)

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Return of Office Workers Reaches Pandemic High

Return of Office Workers Reaches Pandemic High

This post was originally published on this siteAs Covid-19 infection rates fall, workers are trickling back to the office at the highest rate since the pandemic began, with more firms indicating that they will be welcoming workers back in the weeks ahead.

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House to vote to extend debt ceiling through early December

House to vote to extend debt ceiling through early December

This post was originally published on this siteThe House of Representatives is expected to vote Tuesday to extend the nation’s debt limit through early December after the Senate approved a stopgap measure last week in a bid to avert a catastrophic default and economic disaster.

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Goldman Sachs Downgrades Economic Growth Forecast

Goldman Sachs Downgrades Economic Growth Forecast

This post was originally published on this site Goldman Sachs economists have cut their economic growth forecasts for 2021 and 2022 because of lagging consumer spending. The economists in a Sunday note to clients blamed the downgrade on “a longer-lasting virus drag on virus-sensitive consumer services spending,” a decreased financial...

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